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Mercedes-Benz M-Class, Car Leasing, SUV
Oct 20, 2005 (12:13 pm)
Hello smith18. Mercedes Benz Credit's money factors for the 2006 M-Class are indeed very high. this is because Mercedes is not currently providing any sort of lease support on the '06 ML350. As a result, if you were to lease one through its captive finance company, Mercedes-Benz Credit, you would have to use its standard lease program. Its current buy rate standard lease money factor for a 39 month lease for consumers who qualify for its top credit tier and pay a security deposit is around .00330. As I said, it's high but this is the rate that you have to pay to lease this truck right now. I'm surprised how high this model's money factor is given the price of gas right now and the attractive lease programs that are available on some of its competitors like the BMW X5, Acura MDX, and Volkswagen Touareg.
Smart Shopper / Prices Paid Forums
#14 of 1613 Mercedes ML350 Money Factor
Oct 21, 2005 (4:55 am)
Just as an fyi...we just bought a 2006 E350 4Matic, sticker of 57k for $699 a month including NJ state tax, 39 months, 12k a year, no cap reduction, fees of 2k at signing...when he quoted me on a ML350 to replace my current Infiniti SUV, for a 52k car, the price was way into the 700's per month, same terms as above. The salesperson told me to wait until November, possibly December and the money rate from MB Financial will drop on the ML's and they will be able to offer much better pricing. So if anyone is looking to lease a ML, unless you need it now - wait a few more weeks.
#15 of 1613 Mercedes Thinks SUV's are still in HighFashion
Oct 21, 2005 (8:01 am)
I have an '02 ML320 ending in December. Started shopping now and can concur with other peoples experiences on the '06's
Here was the old deal:
Total CT upfront $1298.
onthly $517 incl CT Tax and 12k /yr on 39mo. lease. with roof, xenons etc.
Currently, there is nothing out there
#16 of 1613 Re: '06 ML350...lease, how's this look ? [linodis]
Oct 24, 2005 (6:06 am)
linodis, are you getting the ML. The pricing looks pretty good compared to what ive seen. Could you share with me what dealer offer you that? Thanx
#18 of 1613 Re: Mercedes-Benz M-Class: Lease Questions [rezultz]
Oct 25, 2005 (9:00 am)
The lease you were quoted appear to be very good compared to a quote I got yesterday on a '06 ML350, prem. pkg, entertain. pkg., heated seats, etc. with a list of $50,525; on a 39-mo, 15k per yr, first mo lease and doc fees, $1k discount, the quote was over $900; they used a res value of 62% and a money factor of .0049. Needless to say, I walked.
On Saturday, another dealer in St. Louis quoted me on same equiped car, a lease of $716 same terms, but a $2k discount...not sure of the money factor or res, value used.
Both of these make your lease quote look exceptional...how did you negotiate this? I am assuming yours was an '06 too.
#19 of 1613 Re: Mercedes ML350 Money Factor
Nov 02, 2005 (3:59 am)
Thanks for taking the time to share your shopping experience, spikeya4. It's always helpful when community members check in and let everyone know how their shopping for a specific model is going and what the market for it is like right now. Unfortunately, it appears as though Mercedes-Benz is not providing any sort of lease support on the M-Class in November either. It did introduce a special lease on the all new R-Class about a week ago though. Apparently the R hasn't been nearly as well received as Mercedes had hoped it would be. Consumers don't seem to like its styling very much, and I happen to agree.
Smart Shopper / Prices Paid Forums
#20 of 1613 Re: Mercedes ML350 Money Factor [Car_man]
Nov 02, 2005 (4:03 pm)
Thanks for the follow up car_man...I just noticed on the site that MB updated their Novemeber deals and the ML was missing, as you stated. Luckily, I have a few months left on my current lease, so I am flexible! The salesperson we worked with on the E350 said he had so many ML's in stock and was hoping for a break, looks like he will have to wait a little longer! I agree with you, the R-class is a little too odd for my tastes, they are trying too hard these days to blur the lines between SUV's, mini-vans, and cars.
#21 of 1613 ML 350 Lease
Nov 07, 2005 (11:21 am)
ML350 --- I am being quoted 39 mos lease, prem pkg, sunroof package, heated seats, 15k miles
$1800 down; $670 /mo.
Any thoughts on this deal?
#22 of 1613 Re: ML 350 Lease [tedri]
Nov 08, 2005 (6:37 am)
Sounds in line with all the quotes I have gotten. I am assuming tax is not included which either adds around 2K to the drive off or puts you way above $720ish a month. I would suggest you wait if you do not need it right away. Something has to give here either money factor or rebates. It seems like the dealers (who keep calling me) are becoming just as frustrated with the lack of incentives on the ML when compared to the competition There should see some sort of relief in the next few months. I have had the same dealer call me 3xs with the same offer.
Additionally, if you look on the 2006 ML boards you will see a consistent gripe about early build quality, specifically tranny issues. Also many pre-2006 ML owners have been complaining to me about plummeting resales. With those issues combined I could not justify $720 right now for a 6 cylinder sport ute that hasn't gotten consumer praise yet. In a few months MB should be able to catch up with the quality issues and hopefully the price.